Feds announce $1B loan program for steel and aluminum businesses

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OTTAWA – The federal government is launching a new $1 billion loan program for steel, aluminum and copper businesses impacted by U.S. President Donald Trump’s tariffs. Industry Minister Mélanie Joly and minister responsible for the Federal Economic Development Agency for Southern Ontario Evan Solomon made the announcement in Vars, Ont. on Monday morning. “The new measures announced today will protect workers and ensure companies have the tools and financing they need to keep operating, growing, and building Canada’s strength at home,” Joly said in a statement. The program will be created under the Business Development Bank of Canada. The funding…

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